The Central Bank of Lebanon Increased the Ceiling on Subsidized Housing Loans

According to Banque du Liban’s (BDL) Circular #473, the ceiling on the amount of subsidized housing loans has been upped from a previous  LBP 800 million ( around $530,679) to LBP 1.2 billion ($796,020).

The Central Bank added that the borrower is not allowed to benefit from other credit facilities to finance the housing unit for which he contracted the loan.

As for apartments under construction, the borrower may, only once, increase the value of the loan, all while respecting the new ceiling mentioned above.

Housing Loans Grasp the Biggest Share of Individual Loans in Lebanon- year 2016

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Source: BDL

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